Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
History
Harper's Pictorial Library of the World War, Volume XII : $b The Great Results of the War
League of Nations; Treaty of Versailles (1919 June 28); World War, 1914-1918; World War, 1914-1918 -- Economic aspects; World War, 1914-1918 -- Finance
In the emotional atmosphere of the war period some astonishing economic
propositions were accepted as if they were axiomatic truths. Notably was
this the case in the discussion of Germany's program of peaceful
penetration in the economic sphere. It was undoubtedly linked up with
schemes of military aggression. There was wide discussion of the methods
to be used to guard against Germany's commercial policy. Sometimes these
proposals indicated the desire that those who opposed Germany should
take a leaf from her dog-in-the-manger policy. Strange conceptions of
international trade that suggest the mercantilism of the seventeenth and
eighteenth centuries were revived in order to guard against any attempt
on the part of Germany to secure a privileged industrial position after
the war. As early as 1916 there was the famous proposal of an
anti-German economic league contemplated in the Paris resolutions of
that date. In Great Britain the supporters of this policy also actively
advocated a system of imperial preference by which special advantages
would be given to countries within the bounds of the British Empire. The
result of upholding any double-barreled policy of this type is described
by the Edinburgh _Review_ as impossible of realization.
"Even if Belgium, France, and Italy alone took that course, the
whole policy of an economic boycott, or partial boycott, to
prevent German expansion or to punish German crimes would fall
to the ground. We cannot imprison Germany in an economic strait
jacket if her territorial neighbors are willing to trade with
her. As a matter of fact before the war the most important and
the most expansive portion of German export trade was with the
continent of Europe."
COMMERCIAL AVIATION
A great advance in aeroplane development was one of the most spectacular
results of war activity. The military side of this development must be
discussed in another place, but the fact that aeroplanes had to be
constructed substantial enough to carry a large amount of explosives
naturally brought up the whole question of the commercial side of
aeroplane employment. Although the aeroplane has been developed to a
remarkable extent for war purposes, it must not be taken for granted
that every type of aeroplane has its use for peace. In the military
machine regard has been paid rather to gun positions, bomb carrying
capacity and performance than to economy in operation and large cargo
space, which are the essential peace requirements. This aspect of the
problem was discussed by F. Handley-Page in an article in the
_Fortnightly Review_.
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